Reported about 2 months ago
Third Point's CEO, Daniel Loeb, suggests that Apple's forthcoming artificial intelligence features could significantly enhance the company's revenue and earnings. Although Apple's stock has performed well, he believes the AI opportunity could lead to further growth. Following a strong fiscal third-quarter performance and optimistic projections for AI developments, analysts have adjusted their price targets for Apple shares upwards, signifying confidence in its continued expansion despite challenges in certain markets.
Source: YAHOO